Propelled demand from the technological advancements in the IT and Telecommunications sector has fostered the demand for Service Delivery Platform Systems which in turn is boosting the market growth during the forecast period 2022-2027

The Global Service Delivery Platform Market size is forecast to reach US$9.2 billion by 2027, growing at a CAGR of 10.5% from 2022 to 2027. Rapid technological advancements and propelled growth in the wireless deployment sector as a result of smartphone proliferation and increased use of broadband networks are major factors expected to fuel service delivery platform industry growth. In December 2021, according to India Brand Equity Foundation (IBEF), India's total subscriber base was 1178.41 million making it the 2^nd largest telecom network in the world. However, Data breaches and security issues with Service Delivery Platforms will stymie market growth. Moreover, the ease of delivery across various network elements, the reduction of complexity in service offerings deployment and the simplification of administration and management are the factors influencing the Service Delivery Platform market size globally. In February 2022, Enea's Openwave Mobility Inc. launched the Enea Unified Data Manager, a subscriber data management delivery platform for 4G and 5G data management. These developments will contribute to changing the Service Delivery Platform Industry outlook over the forecast period.

APAC generated approximately 27% of the global revenues in the service delivery platform industry in 2021. Diversified and personalized service offerings have a large potential user base in emerging economies such as India and China. According to the GSMA, approximately 700 million new mobile subscribers will be added by 2027, with APAC accounting for 50% of the total. Enterprises in these regions are looking to set up more service delivery platforms in order to customize their services and upgrade delivery infrastructure and dispatch systems which is increasing the market size.

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Service Delivery Platform Market Growth Drivers:

Technological advancements in the IT and Telecommunications Sector will drive the Service Delivery Platform Industry forward during the forecast period

The global IT and Telecommunications market is constantly evolving due to the adoption and integration of emerging technologies such as 5G and IoT and increased subscriber demand for LTE and VoLTE technologies. SDPs necessitate the integration of IT capabilities and the development of services that span technology and network boundaries, as well as the provision of a platform for session control, service creation, protocols and execution to end users. This system caters to both individual customers and business organizations. In February 2021, AT&T Inc. and Verizon Communications spent approximately US$ 70 billion on the 5G spectrum to provide improved network connectivity to their customers. These developments will increase the adoption of SDPs and thereby positively influence the Service Delivery Platform industry outlook over the forecast period.

The Major Players in this Market Include

Major players in the Service Delivery Platform Market include Microsoft Corporation, Oracle, Google, Hewlett-Packard, Accenture, Deloitte HCL among others. In January 2021, Microsoft and Tanla announced the launch of Wisely, a blockchain-enabled service delivery platform build on Azure Cloud.